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Will you find work once the robot revolution hits?
marketwatch ^ | Published: Jan 6, 2015 8:54 a.m. ET | NourielRoubini

Posted on 01/07/2015 11:47:10 PM PST by dennisw

Technology innovators and CEOs seem positively giddy nowadays about what the future will bring.

New manufacturing technologies have generated feverish excitement about what some see as a Third Industrial Revolution. In the years ahead, technological improvements in robotics and automation will boost productivity and efficiency, implying significant economic gains for companies. But, unless the proper policies to nurture job growth are put in place, it remains uncertain whether demand for labor will continue to grow as technology marches forward.

Recent technological advances have three biases: They tend to be capital-intensive (thus favoring those who already have financial resources); skill-intensive (thus favoring those who already have a high level of technical proficiency); and labor-saving (thus reducing the total number of unskilled and semi-skilled jobs in the economy). The risk is that robotics and automation will displace workers in blue-collar manufacturing jobs before the dust of the Third Industrial Revolution settles.

The rapid development of smart software over the last few decades has been perhaps the most important force shaping the coming manufacturing revolution. Software innovation, together with 3D printing technologies, will open the door to those workers who are educated enough to participate; for everyone else, however, it may feel as though the revolution is happening elsewhere. Indeed, the factory of the future may be 1,000 robots and one worker manning them. Even the shop floor can be swept better and cheaper by a Roomba robot than by any worker.

For the developed countries, this may seem like old news. After all, for the last 30 years, the manufacturing base in Asia’s emerging economies has been displacing that of the old industrial powers of Western Europe and North America. But there is no guarantee that gains in service-sector employment will continue to offset the resulting job losses in industry.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Computers/Internet
KEYWORDS: robots
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To: dennisw

I think 3D printing and robotics will be a game changer. Both technologies are evolving fast.

I expect 3D print shops will open next to all the 7/11s in strip malls and most manufacturing will be local, not shipped from city to city or country to country.


21 posted on 01/08/2015 5:47:33 AM PST by Haddit
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To: mindburglar

The are giving monkeys and other animals rights, why not robots?


22 posted on 01/08/2015 5:47:50 AM PST by Resolute Conservative
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To: mindburglar

They


23 posted on 01/08/2015 5:48:18 AM PST by Resolute Conservative
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To: 1rudeboy

I am an old, classic photographer. Darkroom, light meters, filters, special processing, multiple lighting, film knowledge, large-format cameras, the works.

It’s all for naught now. Damn IPhone takes incredible pictures without a glitch.

Now, when someone asks me about wedding photos, I tell them to buy a good camera, good computer, good printer and a good flash unit, spend the rest on your savings on your vacation.


24 posted on 01/08/2015 5:54:16 AM PST by Loud Mime (We wanted an Einstein But we got a Frankenstein (h/t Alice Cooper))
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To: central_va

OK, if a factory is say 100% automated and labor costs are no longer an issue then why does it need to be in China? What is the new excuse for back stabbing the USA and enabling our enemies?


Taxes.

One businessman had listed all the taxes he paid on his business. Single spaced, the list was nearly two pages long.

Legalities

Somewhere, some time, there’s got to be human involvement. Attorneys are ready for lawsuits for injuries, racism etc. etc.


25 posted on 01/08/2015 5:58:12 AM PST by Loud Mime (We wanted an Einstein But we got a Frankenstein (h/t Alice Cooper))
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To: Loud Mime

Oh BS. Bring the factories home. Tariffs are the way to go. Read Madison, Washington and Jefferson said and their legeslation on the subject..


26 posted on 01/08/2015 6:04:16 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

Their legelsation [sic] ?

Enlighten me.


27 posted on 01/08/2015 6:10:10 AM PST by Loud Mime (We wanted an Einstein But we got a Frankenstein (h/t Alice Cooper))
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To: Loud Mime
Here is a tip of the iceberg.

"Whereas it is necessary for the support of government, for the discharge of the debts of the United States, and the encouragement and protection of manufactures, that duties be laid on goods, wares and merchandise:"[1]

Link here.

28 posted on 01/08/2015 6:14:31 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

Thank You!


29 posted on 01/08/2015 6:17:40 AM PST by Loud Mime (We wanted an Einstein But we got a Frankenstein (h/t Alice Cooper))
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To: central_va

All the jobs are not going away.

The Great Shift Toward Automation and the Future of Employment
http://tamarawilhite.hubpages.com/hub/The-Great-Shift-and-the-Future-of-Employment


30 posted on 01/08/2015 7:08:44 AM PST by tbw2
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To: Cowboy Bob

True. All those machines need to be maintained.


31 posted on 01/08/2015 7:09:22 AM PST by tbw2
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To: 867V309
#ifixrobots

#idaterobots


32 posted on 01/08/2015 9:48:44 AM PST by Bloody Sam Roberts (Life and death are but temporary states. But Freedom endures forever.)
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To: Bloody Sam Roberts

OH Lord. That female robot reminds me of a movie I saw as a four or five year old on TV. It was about a man who went to a different planet, and he met this woman, and all I remember was what scared me to death as a small child.

He planned to bring her back to earth, and something happened. Anyway before they could board the spaceship she fell and broke open, with wires and stuff sticking out, she was a robot.

Now that was a black and white movie from an era long before we went to the moon.


33 posted on 01/08/2015 9:54:59 AM PST by Kackikat
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To: Kackikat

I am familiar with an episode of the Twilight Zone. The main character had been convicted of murder and he was serving a life sentence on a asteroid where he was the only living being. He was given a female robot for company. At first he hated the robot but after some years he loved the robot as he would have loved a human wife. It was another new idea from Rod Serling.


34 posted on 02/09/2015 2:03:31 PM PST by citizen352
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To: citizen352

Sounds like a movie I saw as a very young child in black and white, and I felt awful when at the end when he was just getting ready for boarding the spaceship to bring her back to earth.....she exploded and her wires and springs fell out. He had no one to make the return trip with. So Sad.


35 posted on 02/10/2015 6:13:38 AM PST by Kackikat
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To: 867V309

Exactly - I’ll be employed... programming robots.


36 posted on 02/10/2015 6:14:16 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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